Subsidy: As the labor strike begins on Wednesday, the FG considers a wage review

The Federal Government has stated that it is contemplating raising the national minimum wage to reflect the country’s current economic circumstances.

This was because on Friday, the Nigeria Labour Congress threatened to launch a nationwide strike on Wednesday, bringing the controversy surrounding the Federal Government’s removal of the fuel subsidy and the subsequent rise in the price of premium motor spirit (petrol) to a new level.

NLC specifically warned that if the Nigerian National Petroleum Company Limited failed to reduce the price of PMS to N184 per liter, it would not reverse its decision to withdraw its services.

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During its emergency meeting of the National Executive Council in Abuja, the workers’ union had instructed its affiliates, which included state councils and industrial unions, to mobilize workers for a nationwide strike and protest if the Federal Government did not adopt the status quo regarding the price of gasoline.

However, when President Tinubu addressed the Progressive Governors Forum, which was led by Chairman Hope Uzodimma, the Imo State Governor, at the Presidential Villa, he stated that his administration would continue to prioritize more people-centered economic policies in order to improve Nigerians’ standard of living.

Concerning the minimum wage, we must conduct some soul searching and calculation. We will need to examine that and the revenue together. We should reinforce the source and use of our income,” Tinubu added.

The President promised to work for the benefit of Nigerians and urged the governors to take advantage of the opportunity to make a difference in the lives of millions of people in their states.

On the arranged laborers’ strike, the NLC President, Joe Ajaero, while preparation writers after the association’s crisis Public Chief Gathering meeting, said, “The NEC in meeting coordinated that the administration of NLC ought to be wary of discussions with individuals without portfolios.

“It is destructive, and such negotiations may not be valid anywhere until the government is properly constructed and the people who will negotiate with labor are people who have the authority to persuade the current government.